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S Korean Won Leads Declines Among Emerging-Market Currencies

The South Korean won was the top decliner among emerging-market currencies Thursday, dragged down by continued geopolitical tensions and after the country's central bank kept rates on hold.

Heightened rhetoric from North Korea in recent weeks has left investors on edge about South Korean assets, particularly the won. A rise in tensions between the two Koreas on Thursday focused on an island that the North attacked in 2010, as the South's prime minister visited the island and North Korean media reported that leader Kim...